Released: January 30, 2010

FHA suspends anti-flipping rules to boost foreclosure sales

Source: Kenneth Harney, Washington Post (Free Registration)

Call it three birds with one stone: The federal government hopes to help low-down-payment home buyers, investors who fix up foreclosures, and communities burdened with too many bank-owned and foreclosed homes - all with one potentially far-reaching policy change.

The Federal Housing Administration is revising its long-standing anti-flipping rules starting Feb. 1 and just might score a hit with all three target groups.

Read Full Article: FHA suspends anti-flipping rules to boost foreclosure sales